Parag was named the CEO of the company on Nov 29th, 2021.
Jack Dorsey is stepping down as the CEO of the company on Monday and will be replaced by a computer scientist with a PhD from the same school.
Parag Agrawal, who was promoted to technology chief in 2017, will take over as CEO immediately. He described his trust in Agrawal as deep.
In an email to employees on Monday, he shared that the board ran a rigorous process and unanimously appointed Parag. He has been my choice for a long time because he understands the needs of the company.
According to a former company executive who asked not to be named, the two have a shared vision for decentralizing social media, and that is why they are close partners.
Project Bluesky, an open-source project that has tapped some notable cripto developers to build an open standard for social media, was created by Agrawal. The aim is to create technology and protocols that would allow content posted on one service to work across multiple social networks, similar to how emails can be read using any provider.
The public face of one of the tech industry's most high-profile companies is a stark contrast to that of Agrawal. While Dorsey is a well-known figure in Silicon Valley for helping create multiple successful start-ups and capturing large audiences for his views on cryptocurrencies, meditation and international travel, he has been almost entirely behind the scenes at Twitter.
There are over 5 million followers for Dorsey. The number of people by late morning was over 100,000, though it was 24,000 earlier in the day.
Prior to joining Twitter, he worked in research at AT&T Labs, Microsoft and Yahoo. He finished his PhD in 2012
When he arrived, the company had less than 1,000 employees.
While it was a decade ago, those days feel like yesterday to me according to an email to employees by Agrawal. I have seen the ups and downs, the challenges and obstacles, the wins and the mistakes, and I have walked in your shoes. Above all else, I see the incredible impact of social media, our continued progress, and the exciting opportunities ahead of us.
According to his bio, he helped guide the development of its A.I. and machine learning technology.
A former software engineer praised the leadership style and technical prowess of the man.
According to CNBC, Parag is the whole package, and he worked with him from 2012 to 2014. He lives and breathes it.
Yoel Roth, the head of site integrity, also expressed his feelings after the announcement.
When I first started at the company, Gupta was one of the first engineers I worked with. The rigor he brings to every decision was clear then and I am happy to see it recognized today.
Jack Dorsey is stepping down as CEO.
